Fake LocalBitcoins Android App is Phishing For Bitcoins
The fraudulent LocalBitcoins app has been removed from the Google Play app store. A fake LocalBitcoins app is being distributed on the Google Play store in a bid to steal user bitcoins. The Helsinki-based bitcoin exchange said that it has reached out to the app store to have the fraudulent app removed. LocalBitcoins staff said earlier today that upon download the fake app seeks "to get access to your account by having you activate HMAC authentication for your account". Five reviewers on the Google Play store posted claims that their bitcoins had been stolen as a result of downloading the....
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Peer-to-peer cryptocurrency marketplace Localbitcoins has announced the launch of a new mobile application for its global user base. The software is designed for devices running on Android. The app has been released in response to a growing number of mobile traders. P2P Crypto Market Localbitcoins Offers Users Android App Popular P2P crypto exchange Localbitcoins has presented a mobile application for traders around the world. The app has been developed for Android users and according to an announcement published on Monday, it has already seen thousands of downloads. Work continues to....
The investigation revealed Richo used Bitcoin Fog, a coin tumbler that allegedly provides anonymity. Once that process was completed, the “clean” Bitcoins would be sold through LocalBitcoins in exchange for US Dollars deposited into a bank account. A resident of Connecticut has been arrested for stealing Bitcoins and phishing for deep web logins. By posting links to fake darknet marketplaces, Michael Richo managed to collect a large amount of platform logins from other deep web users. With this information, he was also able to access the original accounts, and empty bitcoin wallets if they....
The process of purchasing bitcoins on a LocalBitcoins ATM will not require an Internet connection. It seems a few arrests in Florida are not going to slow down progress over at LocalBitcoins. LocalBitcoins ATMs are now in production, and users will soon be able to make local trades without having to find a human counterparty. Their ATMs will allow anyone to buy or sell bitcoins, and the most amazing feature of these new devices might be that they don't require an Internet connection to function. Instead of connecting with your phone, the LocalBitcoins ATM will give a user a redeemable code....
Yesterday's news that a number of LocalBitcoins.com users reported missing bitcoins came as a shock to the bitcoin community, no surprise. Could the trusted platform used by enthusiasts have been compromised in some manner? According to the service, the answer is no. In a blog post dated Friday, April 18th, the company presented their evidence as to why they aren't responsible for the recent losses of a small subset of their user base. "LocalBitcoins team did not found any evidence of compromised site security," they said. What made the story interesting is at least one of the users who....
Many people use LocalBitcoins for many reasons, but lately its volume has increased a lot. This, of course, brings up the question of what it means for Bitcoin. Is Bitcoin going mainstream, are people stocking up for a coming increase, or is LocalBitcoins one of the more convenient places to sell bitcoins these days? It's hard to tell if any, or all of these are the case. Indeed, LocalBitcoins is one of the fastest ways to get it done. After three confirmations, if you find a buyer, you complete your transaction and you have your money. Also read: Greece is not Buying Bitcoin. Unless you....